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Right to file CIRP accrued since Dec. 01, 2016; plea filed within 3 years from Dec. 01, 2016 was to be admitted

August 5, 2019[2019] 107 taxmann.com 372 (NCL-AT)
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IBC: Right to initiate CIRP accrues since 1-12-2016 thus, application under section 7 filed on 24-10-2018 being within limitation period of three years from date of right to accrue application was to be admitted

IBC: Where default took place after demand notice issued on 13-11-2015, instant petition filed on 24-10-2018 to initiate CIRP against corporate debtor was within limitation period of three years, and thus, same was to be admitted

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